Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

$1 Mln Eyed for Rare Sneakers at Sotheby's

Mon 07 Dec 2020 | 09:00 PM
Yassmine Elsayed

A unique pair of sneakers designed by Adidas and German porcelain maker Meissen went on sale at a Sotheby's auction Monday. It is expected to be the first shoe to fetch $1 million.

The leather shoes -- based on Adidas's popular ZX8000 model and painted by craftsmen from Meissen -- are tipped to set a new record for a pair of trainers.

Sotheby's has set the pre-sale estimate high at $1 million for the shoes, which are not meant to be worn.

The record has already been broken several times this year, most recently by a set of Nike Air Jordan 1s that Christie's sold for $615,000 in August.

"There is that shift in the market looking at these sneakers as art," said Brahm Wachter, director of e-commerce development at Sotheby's.

The sale runs online until December 16. Proceeds will go to the Brooklyn Museum in New York for its young persons program.